Hi all,
Anyone who has built a Bitcoin wallet / service has to deal with a variety of challenges when it comes to transaction construction. One of these challenges is around determining an appropriate fee; aside from block space market volatility and the inherent problems of forecasting the future, you need to know how much block space for which your transaction needs to "bid."
Every time I've run into the problem of calculating the size of a transaction with specific attributes I've ended up having to sift through answers scatter across stack overflow posts, so I finally got around to building a user friendly tool at
https://jlopp.github.io/bitcoin-transaction-size-calculator/
It seems clear that this is a common problem for which we could use better tooling. I'm also about 99% certain that there's at least 1 or 2 bugs in my current calculator code.
Please bookmark and share these tools; if you're capable and so inclined, code reviews would be greatly appreciated!
- Jameson